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Gree Electric Appliances of Zhuhai's (SZSE:000651) Returns On Capital Not Reflecting Well On The Business
Express News | Gree Electric Appliances Says Major Shareholder to Boost Holdings by up to 1.1 to 2.1 Bln Yuan
Market Chatter: Gree Electric Appliances' Dong Mingzhu Expected to Remain Chairman
Should You Be Adding Gree Electric Appliances of Zhuhai (SZSE:000651) To Your Watchlist Today?
In Xiaomi's view, the benchmark for the central Air Conditioner Industry is not Gree.
Sina Technology reported on February 17th that Lu Weibing, partner and president of Xiaomi Group, officially announced the goal of upgrading large home appliances on Weibo: to benchmark only against leading brands in the Global market and to surpass them. He previewed, "The Mijia central Air Conditioner, officially released at the end of this month, will directly benchmark the industry leader Daikin Air Conditioner." "As the third Global market-scale Strategic Hardware business beyond Xiaomi's mobile phone Business and Autos, we have always maintained strong investment under high-pressure conditions." Lu Weibing stated, "In the past period, we have seen leapfrog growth in self-developed Technology, core component breakthroughs, Intelligent Manufacturing, and other areas, with all product lines...
Lu Weibing: The Mijia central Air Conditioner to be launched at the end of this month will directly compete with Daikin Air Conditioners.
Sina Technology reported on February 17th that Lu Weibing, partner and president of Xiaomi Group, officially announced the goal of upgrading large home appliances on Weibo: to benchmark only against leading brands in the Global market and to surpass them. He previewed, "The Mijia central Air Conditioner, officially released at the end of this month, will directly benchmark the industry leader Daikin Air Conditioner." "As the third Global market-scale Strategic Hardware business beyond Xiaomi's mobile phone Business and Autos, we have always maintained strong investment under high-pressure conditions." Lu Weibing stated, "In the past period, we have seen leapfrog growth in self-developed Technology, core component breakthroughs, Intelligent Manufacturing, and other areas, with all product lines...